You work for a wholesale firm which distributes a single product. $57,600 is the value for opening inventory (1 Oct 2020). Closing inventory valuation conducted on 31 October 2020, $80 640
Purchases made during the month were:
9 October 1,140 units @ 145 each
15 October 1,310 units @ 150 each
24 October 620 units@ 155 each
Sales made during the month were:
Date Number of items selling price per item
$
12 October 1,040 205
21 October 1,840 220
The other cost besides the purchases were: Wages of staff $44,700; Premises purchased valued$ 42,750;
Administrative expenses $13,620; Selling and marketing costs $17,890; Cost and freight for purchased inventory $ 3,750; Carriage outwards $4,120 and Depreciation charges $11,250
What is the total value for purchases during the month of October 2020?